US-based consortium upbeat on oil refinery

Standing from left to right are Director of Finance at Prime Energy, Carlos Villegas; Director of Energy Systems at Prime Energy, Raul Arrondo and International Director of Prime Energy, Vidjai Doerga while seated from left to right are Sergean Elias, Project Manager; Chief Executive Officer of Chemex, Jerry Brooks and International Director of Prime Energy and Chemical LLC, Dr. Turhane Doerga at the Princess Hotel yesterday.

A US-based consortium is examining building Guyana’s first oil refinery in the next 18 months, to provide cheaper fuel in an initial investment estimated at US$75M.

“It is expected that within 18 months, an estimated US$75M will be spent to establish the facilities which will also be providing over 100 jobs and ultimately see cheaper fuel for Guyana,” said a statement from the companies,